Quarterly payments of $3000 are required on an $80,000 loan at 8.0% compounded quarterly. a. Calculate the
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a. Calculate the interest component of Payment 30.
b. Calculate the principal component of Payment 9.
c. Calculate the final payment.
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Given PV 80000 PMT 3000 i 8 4 2 a Interest component of Payment 30 i Balance after P...View the full answer
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